Sears and Kmart closings

[hemet dennis]

Well, years ago I and some co workers got into gold investing. We never had a lot of money to put into it, but we discovered that the local pawn shop would price its bottom price for the day on the price of gold for that day. When the price was real low, we would go on our lunch hour and shop the pawn place.

Pawn brokers have a lot of lee way. They may only loan a few dollars on something that has a lot of value.

We would put rings and other heavy jewelry on lay a way. That way we stopped the price of the object from going up with the price of gold, and our original outlay was minimal. The stuff stayed in his safe and wasn't being stolen from our homes.

Then when the price of gold went up enough, we would redeem what we had on lay a way, and then we would sell it for scrap.

They would let us keep it on lay a way for long periods of time. We just had to make the weekly payments.

We did real well with that. I also bought Krugerrands and Maple Leafs for a while. The day after Anwar Sadat was shot, the price of gold soared. I called in sick and went and sold them. At that time, it was considered just a currency transaction and no taxes were due on it.

I sure wish I had that gold back.

Rufus

See there's always something to make money on. Sometimes you just have to step out of the box.

 

[rufus]

Rufus, we do have one thing that could get us out of this mess. First the politicians that are seemingly bent on national suicide must be removed from office. Then we must deregulate the energy sector. We have oil, gas and coal in absolute enormous quantities. How much? How would you like to put O.P.E.C. out of business? That's how much. Unfortunately I don't think our leaders have the stomach to push that hard. Only in the face of total collapse will they react.

We have a problem in that people are disconnected from reality. For years, we were told that we had a limited supply of hydrocarbons. We were supposed to be "oiless" in no time. Turns out those "know it alls" really didn't.

With the new deep drilling and lateral drilling techniques and hydraulic fracturing, we are swimming in natural gas. The price is about two dollars and thirty cents. http://www.neo.ne.gov/statshtml/124.htm

This is the lowest it has ever been. However, now we are seeing the highest price for gasoline. If government would get out of the way and allow the market to function, we would be using natural gas instead of gasoline.

The stumbling block is government and those "know it alls" that were wrong in the first place.

The Chinese are buying up our oil and gas fields. They cut deals with Chesapeake, Devon and other companies. Maybe the best investment for the future would be Sinopec and the Chinese Nation Oil Company.

O'Reilly on Fox News asks if the production of oil in our country is up, why is the price of gasoline so high? Well, it is going to China. If they own the oil fields, they get to ship where ever they want.

Rufus

 

[mom'sfolly]

The price of gasoline is up because global demand is up. We buy oil and sell oil on the international marketplace. India and China, with between them about 1/3 of the world's population, have an emerging middle and upper classes that are using more cars and motorcycles than ever before. We still use much more oil, coal and gas than they do, but the increase in demand is driving prices up worldwide. That's the way it works. American companies aren't going to sell their oil cheaper here, if they can get more for it abroad.

China and India combined, use about as much energy as the US, but that number is increasing. We have about 1/10 of their combined population. As they become more "Westernized" their demand will only increase, and prices will continue to rise.

Perhaps if we cut subsidies/tax rebates to US oil companies, maybe they would keep more oil at home.

 

[hemet dennis]

Please if you want to discuss exporting oil read this first.

http://www.forbes.com/sites/energys...or-error-in-bill-oreillys-gas-price-solution/

I think it will put an end to the exporting oil question.

 

[mom'sfolly]

Global marketplace...I like the article HD.

So if we put up export tariffs, then we lose refining jobs.

 

[rufus]

If we tax petroleum products that are exported, oil companies would just leave the product in the ground. Nobody goes into business to lose money.

If they cannot sell their product at a decent price, they will just move overseas and work there.

We are not really awash with oil without drilling on federal lands. However, we are awash in natural gas. Most of the shale fields are dry gas producers. However, some like the Granite Wash in Oklahoma and Texas are wet gas producers; the Granite Wash product is about half natural gas and half volatile liquids, ie. white oil.

We need to move away from gasoline and to natural gas. It is a USA product that we can use in the USA.

http://energy.aol.com/2012/05/07/what-drives-a-global-future-for-natural-gas/

Rufus

 

[hemet dennis]

If we tax petroleum products that are exported, oil companies would just leave the product in the ground. Nobody goes into business to lose money.

If they cannot sell their product at a decent price, they will just move overseas and work there.

We are not really awash with oil without drilling on federal lands. However, we are awash in natural gas. Most of the shale fields are dry gas producers. However, some like the Granite Wash in Oklahoma and Texas are wet gas producers; the Granite Wash product is about half natural gas and half volatile liquids, ie. white oil.

We need to move away from gasoline and to natural gas. It is a USA product that we can use in the USA.

http://energy.aol.com/2012/05/07/what-drives-a-global-future-for-natural-gas/

Rufus

Not a lot of natural gas stations near me.

 

[JD4570]

Around here we have a lot of un-natural gas. I wonder if it's flammable?

 

[rufus]

Check out CLNE. It might be the stock of the future, then again it may not.

Also, look at Westport Engines.

Rufus

 

[hemet dennis]

Yep T. Boone Pickens is a good bet.